RE:RE:RE:hangingstone breakeven is 40 wtiATH could fall back to a buck but I don't think so, so I'll nibble around here and if it falls back I'll nibble some more.
as oil prices recover and even if you believe all this bull about shale companies jumping back on the drilling wagan, it won't affect increase US oil production, the most it will keep it falling at a slower level or might not even impact the declines.
there are far too many shale companies that are in distress and the last thing on their minds is increasing drilling and capex.
they might start to layer in some hedges to protect CF going forward and use extra CF to lower debt or even raise more money vis secondarys.
the reductuion in capital proejcts in 2016 and 2017 will bring oil back into balance, so longer term I like good recovery stories ro takeover candidates like MEG, CVE and maybe a few others smaller companies.
but ATH will have a much stronger balance sheet post asset sale and JV and much less capital requirements with their carrys, so as oil prices rcovers so will their SP, albeit slowly.
1.00 per share is a gift all considering but just me 2 cents.
DYODD and GLTA